Slow flip investment

[Jessica Graham - Cincilla]

Investment Info:

Condo fix & flip investment.

Purchase price: $92,000
Cash invested: $7,500
Sale price: $130,000

Slow flip. Lived in for 2 years. Let my partner by me out & it shot up $150,000 before the crash in '08

What made you interested in investing in this type of deal?

I wanted to own a home and build equity to start buying more homes.

How did you find this deal and how did you negotiate it?

In the news paper as a FSBO

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Renovated the Kitchen and updated flooring, fixtures & HVAC unit.